ECN Capital Reports US$0.08 in Adjusted Earnings per Common Share in Q4-2019 and US$0.27 for full year 2019 - Seite 2

The Company’s Board of Directors declared the following dividends on ECN Capital’s preferred shares:

• A quarterly dividend of $0.40625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series A (TSX: ECN.PR.A) payable on April 1, 2020 to shareholders of record on the close of business on March 18, 2020.   These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).
   
• A quarterly dividend of $0.390625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) payable on April 1, 2020 to shareholders of record on the close of business on March 18, 2020. These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

Webcast

The Company will host its analyst briefing to discuss these results commencing at 5:30 PM (ET) on Wednesday February 26, 2020. The call can be accessed as follows:

Webcast	http://services.choruscall.ca/links/ecncapitalcorp20200226.html
Toll-free dial in	North America 1-800-319-8560 International 1-604-638-5345 Passcode 47234#
Presentation slides	http://ecncapitalcorp.com/investors/presentations

The webcast will be available until March 26, 2020. A recording of the conference call may also be accessed until May 26, 2020 by dialing 1-800-319-6413 and entering the passcode 4132#.

Non-IFRS Measures

The Company’s audited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and the accounting policies we adopted in accordance with IFRS.

The Company believes that certain Non-IFRS Measures can be useful to investors because they provide a means by which investors can evaluate the Company’s underlying key drivers and operating performance of the business, exclusive of certain adjustments and activities that investors may consider to be unrelated to the underlying economic performance of the business of a given period.  Throughout this Press Release, management used a number of terms and ratios which do not have a standardized meaning under IFRS and are unlikely to be comparable to similar measures presented by other organizations.  A full description of these measures can be found in the Management Discussion & Analysis that accompanies the financial statements for the year ended December 31, 2019.